BP PLC (BP) Form 6-K — Oct 13, 2026
BP's 3Q 2026 trading statement expects post-tax impairments of $3.0-4.5 billion, mainly tied to transition businesses in the gas & low carbon energy segment, excluded from underlying RC profit. The positives: refining margins strengthened sharply (bp RIM averaged $46.7/bbl vs $29.6/bbl in 2Q, a +$1.9-2.1 billion tailwind), gas trading is expected significantly higher, and net debt is guided down to $13.5-14.5 billion from $22.3 billion after $1.0 billion of hybrid redemptions and the Gelsenkirchen divestment.
Key figures
- Capex 3q
- around $3.0 billion
- Brent 3q avg
- $96.99/bbl (2Q 2026: $103.85/bbl)
- Results date
- 30 October 2026
- Bp rim 3q avg
- $46.7/bbl (2Q 2026: $29.6/bbl)
- Henry hub 3q avg
- $2.96/mmBtu (2Q 2026: $2.90/mmBtu)
- Hybrid redemption
- $1.0 billion on 30 September 2026
- Underlying etr 3q
- around 30% (2Q 2026: 34%)
- Hybrid securities 3q
- around $12.0 billion (2Q 2026: $13.0 billion)
- Net debt guidance 3q
- $13.5-14.5 billion (2Q 2026: $22.3 billion)
- Refining throughput 3q
- 1,375 to 1,405 mb/d (2Q 2026: 1,467 mb/d)
- Impairments 3q post tax
- $3.0 to 4.5 billion
- Reported upstream production 3q
- 2,190 to 2,240 mboe/d (2Q 2026: 2,201 mboe/d)
- Net debt plus leases goa reduction
- $9.0 to 10.0 billion vs 2Q
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